About your Search

20100901
20100930
Search Results 0 to 0 of about 1
be almost out of the woods. not even close and said maureen friar. >> we know from our studies delinquencies are up and foreclosures will continue. >> reporter: mucking up the situation more, revelations by two mortgage lenders. ally financial and j.p. morgan chase, that the employees were pushing through foreclosures without reviewing the paperwork for accuracy. >> sounds like they were processing them quickly for some and not applying what was necessary. >> reporter: they signed off on 10,000 to 18,000 foreclosures a month. ally and j.p. morgan chase have both said they will halt some of the foreclosures to review the procedures and many believe other lenders will do the same. >> people signed without reading and understanding and we think slowing it down is a good idea. some economists believe too much of a slowdown could further hurt the housing market. with unemployment high and home values low, the foreclosure hangover is going to be around for awhile and possible foreclosure fraud investigations could make it linger longer. >> isn't
Search Results 0 to 0 of about 1